• TriumphPayand Intelligent Audit provide Freight Spend Management services to Fortune 500 and major logistics companies globally.
• Services include freight audit, carrier payments and supply chain finance products.
• TriumphPayand Intelligent Audit are API integrated to deliver superior visibility to freight spend, carrier performance and network optimization metrics.
• Financing solutions allow shippers to conserve cash and improve liquidity through extended DPO while allowing carriers toget paidsoonerthan under standard payment terms.
• TriumphPay is an operating subsidiary of TBK Bank, SSB (Nasdaq: TBK, Member FDIC).

As a regulated financial institution, TriumphPayprovides shippers with the security and safety of funds movement that is delivered only through a bank.

• Freight Rating
• Rate maintenance and uploading of carrier rate sheets and agreements
• Different requirements based on mode
• General Ledger Coding
• Customized logic for applying freight funds to appropriate business units, cost center, etc.
• Customer Business Rules
• Rules for approving payments
• Data Management
• Cleansing data
• Normalizing data
• Validations
• Systems Integration
• TMS
• ERP
• Custom file feeds for accounting and finance
• Payment Optimization
• Pay carriers based on different business rules

• Exception Management
• General ledger coding logic issues require manual intervention to assign proper codes
• Business rules for invoice approval like third-party shipments, accessorial charges, etc.
• Match-pay process failures when purchase orders or bill of lading numbers do not match order file
• Data validation failures for things like cost centers, shipping locations, etc.
• Dispute Resolution
• Freight invoice errors when carrier billed amount does not match rated amount
• Payment and settlement issues when carriers are not paid according to terms
• Payment remittance information issues which prevents carriers from properly applying cash
• Not all carriers use web portals to address disputes so other methods must be used

• Machine learning (ML) and artificial intelligence (AI) using Robotic Process Automation (RPA) technology to resolve disputes and minimize exceptions
• API technology for web calls to carriers for documents like POD’s, BOL’s, W&I report, etc.
• Web calls to customers ERP or TMS for match-pay process eliminates the need to send/receive and manage order files
• Digitizing invoices and documents to eliminate paper and optimize workflow
• RPA technology to capture data from invoices, supporting documents, etc.
• Response Bots being deployed to minimize human intervention for customer service
• Leveraging sourceorder data by sending shipment information to carriers or trading partners electronically
• Optimizing carrier payments, pay to terms, pay electronically, which provides 100% transparency for financial safeguards
• Web portals for more collaboration between shippers, carriers and freight payment company to resolve disputes
• More powerful business intelligence (BI) tools that can pinpoint specific ways to reduce costs

• TMS or shipment file pickup data is now being used for invoicing by some carriers
• LTL rate structure has more dimensional-based rating
• Dimensional-based rating causing more re-weighs and overweight and overlength accessorial charges
• Cost per cubic foot causes more reweighs
• More accessorial charges for over dimensional and overlength shipments
• With the growth in e-Comm final mile rating can me more complicated with numerous accessorial charges
• Shippers need to review General Data Protection Regulation(GDPR) to ensure they are compliant in the European Union
• Brexit will drastically change the landscape in customs documentation, compliance and VAT taxes